Meddbase Acquired by Cority, Enhancing Global HealthTech Offerings
Deal News | Jan 29, 2025 | Business Cloud
Cority, a Canadian software provider focused on environmental, social, and governance (ESG) efforts, has acquired the UK-based HealthTech company, Meddbase. Meddbase was started in 2004, innovating as a cloud-native clinical software solution in the UK and then broadening its capabilities to serve occupational health, electronic records, and private healthcare needs across regions like North America, Europe, and Australia. Ryan Magee, CEO of Cority, expressed that this strategic acquisition will redefine standards in occupational medicine and workforce wellbeing through a comprehensive and scalable software solution. The transaction was completed with advisory support from Grant Thornton. Cority serves over 1,500 customers across 120 countries, advancing its mission to aid organizations in health, risk management, and operational enhancements.
Sectors
- HealthTech
- Software
- Corporate Finance
Geography
- United Kingdom – The target company, Meddbase, is based in London, UK.
- Canada – The acquiring company, Cority, is headquartered in Canada.
- Global – Cority serves a global customer base spanning 120 countries, and Meddbase has clients in North America, Europe, and Australia.
Industry
- HealthTech – The acquisition involves Meddbase, a company providing advanced clinical software solutions in the healthcare sector.
- Software – Cority, the acquiring firm, is a software provider specializing in tools that enhance ESG tracking and health management.
- Corporate Finance – The transaction was advised by a Corporate Finance team, highlighting the financial advisory aspect of the deal.
Financials
- – The article does not disclose the financial terms of the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Meddbase | Target Company | Company | A UK-based HealthTech firm providing cloud-native clinical software solutions. |
| Cority Software | Acquiring Company | Company | A Canadian software company focused on ESG efforts and employee health management. |
| Grant Thornton | Financial Advisor | Company | Provided corporate finance advisory services for the acquisition deal. |
| Ryan Magee | CEO of Cority | Person | CEO of Cority, commenting on the strategic fit of the acquisition. |
| Will Temple | Managing Director of Meddbase | Person | Managing Director of Meddbase, involved in the successful completion of the transaction. |